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20121027
20121104
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Search Results 0 to 49 of about 106 (some duplicates have been removed)
money back guarantees for gm on the back it is a warmed over kelly blue book of used car ideas that the president has tried. we have seen these pamphlets twice before. >> this is filled with a lot of stuff that hasn't worked before. >> we are in need of infrastructure and utilitiys and so forth. the answer is to get the government off of the back of these industries. and to reduce the regulation. we need more entrepreneural activity in telecommunication. america is falling in our band width per capita. why is that happening? because private capitol doesn't want to go in a rig would system that favors the incumbents. same thing with utilitis and get the epa and mlrp off the backs of the private. >> it is not true. we unburden wall street and look what they brought us, one of the worst economic. >> how did we unburden. >> we are talking about manufacturing. >> wait, wait, wait a minute. there is not a hit and run here. how did we unburden wall street, mark? >> we allowed repeal. >> we, wasn't that done under president clintonon's watch. >> yes, it was. 1999. >> it was done eronou
. >> during the gm bailout there was trouble with the biggest parts provider delphi. that prompted a lot of nervous questions from delphi retirees union and nonunion. that's how president obama describes the u.s. auto bailout on the campaign trail. in 09 teetering gm got billions. but the deal would not work without labor piece and the united auto workers wanted delphi members taken care of. delphi was and is gm's top parts supplier. they were wading through bankruptcy canceled employee pensions handing off the remains to a federal government a nightmare for delphi retirees. >> my pension went from 2,550 dollars a month to the government paying $335 a month. >> the folks at the international union wanted help. if gm restored the union's delphi pensions the uaw would go along with the bailout. gm agreed. >> when you heard the union pensions are being topped off you would think everybody would be treated fairly and equally. that was not the case. >> 20,000 salary delphi retirees got no pension bailout. many suspect they know why. >> the union had political connections and we do not. >> tha
by threatening to withold key auto parts from reaching gm's assembly line. "the hedge fund held up steering columns and other things that had gm not gotten them, they would've gone under. chrysler as well." "they were literally willing to risk the survival of gm to make as much money as they could." steven rattner, former counselor to the treasury during the bailout period, called it "extortion demands by barbary pirates." palast says delphi relocated parts plants in china and emerged from bankruptcy, going public last year. the company, purchased by the romneys' hedge fund at 67 cents per share in 2009, sold for $22 a share at the ipo - a 3,000% profit for investors like the romneys. a return largely the result of the auto bailout that romney so publically opposes. "it further solidifies the democrats' and labor's picture of romney as out-of-touch and more interested in personal wealth creation than job creation." with the presidential election less than a week away, the coalition of union and good government groups is urging the office of government ethics to act now to ensure mitt romney
, so misleading that chrysler and gm executives themselves are pushing back. people expect politicians to trim the truth a bit, but it's possible that mitt romney has just a crossed a line that not even the most uninformed voters will accept, that jeep is moving to china. and look who's back, joe isuzu, speaking of dishonest, this time campaigning, kind of, for mitt romney. >> i'm joe isuzu. guys, vote for mitt romney and you'll get a free binder full of women, you have my word on it! >> in case you missed that, it's a spoof, sort of, and it's in the side show. joe isuzu is back. finally, let me finish with the best way to fight people who play racial politics -- get out there and vote. this is "hardball," the place for politics. jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. see what's new from campbell's. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can he
ge, gm, wal-mart, all that. and then he got small business, but it's the small and growing. it's sickening that were small and can challenge the date and what happens in the big tree falls over. again, the amazing thing is new trees grow right out of the old trees. that is a metaphor, but it's real. because i'm really something big in the economy, it's vital we know how to reconfigure resources and create some new out of it. so do we need control? we need feed back. we need the capabilities to repurpose. in this country, we need to build a robust platform for people to realize what they have inside of them. that's why people came to this country and that's why people here look for a better future that will be like the better future that their ancestors looked to when they came. so you know, i would say yes, you know, we need control, but we need controls. all kinds of interdependencies, all kinds of self regulations and ways of understanding what's happening, what's working, what's not and what gets us to the endpoint, which is betterment of human lives. it's not gdp. if that i
what was happening. all of us in the auto industry were looking at gm and chrysler. we sought to companies on the verge offailure that were going to take down the entire supplier industry. we also saw an industry that had to be restructured. bill ford is my hero. he fired in self. they put forward in a good place, so they did not have to be rescued. they laid out a map for what had to be done, and everybody had to sacrifice. neil: and the end justifies it because things are back. and is starting with president bush. i'm not criticizing, but it did not lead to a slippery slope. >> once again, the difference between this was, this was not a bailout. a bailout is when you give money to the existing guys. restructuring. the key thing that obama did -- neil: the, the bankruptcy and restructuring. >> but the restructuring was driven by the president's team. a bankruptcy court would never have done that by itself, and it is the reason i don't like the mitt romney passive approach, just turn over to the courts. it would not have moved fast enough. it would not have taken the action t
, and profits were down 12% on a year ago. >> now gm is blaming its performance in europe for those results. it is planning to cut 2600 jobs to try to jumpstart its performance here. workers at opel, gm's german subsidiary, could be the first to go. >> opel's plant employs about five dozen people, and all of them could soon be out of a job. the assembly line produces the opel safira, which will go out of production opel in 2016 production -- out of production in 2016. opel lost just under 200 million euros in the first quarter of 2012. the downhill slide continued in the second quarter. in the third quarter, opel fell short by almost 370 million euros. industry analysts think gm could soon put its foot on the break. opel is a big obstacle to their plans to roar back. >> good news for germany -- projections said the company will collect its highest tax revenues ever this year. the federal government as well as states and municipalities are said to take in a total of 602.4 billion euros, which beats earlier projections by almost 6 billion euros. the government says it will come close to balan
. actually, they had a negotiation to change. they went from, there was an old gm and a new gm, so they went through kind of a managed bankruptcy after all the bailout work was done. >> then ford did it all on their own. >> wait, this is not true. that is not true. ford had the timing on their side. they went and renegotiated their debt before the 2008 crisis hit. they happened to have an advantage of going to wall street to renegotiate their borrowing authority and it was the calendar. >> the ceo of ford said about mitt romney's prescription. he said if gm and chrysler had gone into a free fall bankruptcy, they would have taken the entire supply chain and auto agency with it. he said that in 2010. so that's really what -- >> speculation is not accurate. >> it is because there was no way that private capital were going to keep those companies alive into a chapter 11 reorganization. they would have gone into liquidation. we would have lost not only those two companies, but the supply chain. >> what he said, these are his words, the american auto industry is vital to our national interest as e
obama of helping chrysler and gm move jobs to china. chrysler says it is a big lie. gm says it is a big lie. the "detroit free press" says it is a big lie. does mitt romney even care about the truth at all? obviously not. we'll get into that and a whole lot more here on the "full court press." but here she is lisa ferguson out in los angeles. >> good morning everyone. mitt romney is headed to florida today to host events with senator marco rubio and jeb bush. he starts off the date in tampa and then heads to coral gables and jacksonville. paul ryan will be campaigning in wisconsin. some are calling the pair's reemergence on the campaign trial after supposedly taking time out out of respect for the hurricane victims. romney's official reason for the event yesterday was to collect donations for storm victims, but it sure looked a lot like a campaign, a big american flag on the wall campaign music, crowds and the press were invited. voters had to wait to drop off their donations until romney arrived to collect them himself. john mccain even went as far as to blas
in europe. ford and gm reported better-than-expected profits this week as north american sales helped boost revenue while european demand dropped. gm is looking to save $500 million in the next couple years as it restructures in that region. the automaker says it has cut 2,300 jobs in europe and wants to cut 300 more. ford is also restructuring by eliminating 5,700 workers in the uk and europe. "europe has been on the brink for awhile now. but it doesn't seem to be really impacting u.s. sales and north america remains a very profitable wing for most of these automakers worldwide. so europe is slumping and slowly but surely automakers are starting to remove capacity from that region and that should help them deal with it in the long run." that was kelsey may of cars.com. ford and gm both expect to lose money in the eurozone. ford sees losses topping $1 billion. gm says it could lose as much as $1.8 billion. 18.5 million. that's the number of europeans who are currently unemployed. the region's jobless rate hit an all-time high in september of 11.6%. 146,000 people lost their jobs in the last
parts division of gm. you know delco batteries. we had gm that desperate to cut off its own parts and set off delphi as a separate company which immediately pretty quickly went bankrupt. well, down went the vulture's and they pick.delphi corp. out of bankruptcy court for 67 cents, a darned good deal for the entire auto parts division of general motors. 67 cents a share. within two years they flipped it. they went public at $22 a share. share. that is it 3200% prophet that they weren't done. they weren't done. delphi had 29 plans in the u.s. and the delphi group sold it back to gm and the rest, every single plant was sold, was sent off to china. every single uaw job, everyone, 25,200 uaw workers including -- i got a call from michael moore. his dad had the delphi plant and flint michigan. every job sent to china, every one. now that was not the plan. obama's administration came up with the deal with the owner of detroit to take over the delphi unit and basically give it back to general motors. gm, the pistons and the u.s. government would buy back delco auto parts and give it back
. the other utilities have really run. wow, here is a controversial one. gm stock has been climbing, not today, but i think it's in part because of the chinese cold war with japan. the chinese are staying away from japanese cars, especially toyota, i want to know if they are buying gm cars, could get the stock moving. in china. this is really -- this is maybe the most right now. obama/romney stock away from the business and obama's people, made it clear they won't sell the remaining stake in gm. tim massen said the same thing, and the disposal agent. romney's camp indicated they will take gm immediately. they will sell that stock, so that's a pretty by near situation. you will get results from ralph lauren. will they be the next company that we thought was doing well and europe slowed? the stock went down 13 points, but that won't be enough. anything negative at all on the call, ralph lauren trades hard, up and down on very little volume. please be careful. there are huge numbers reporting, companies reporting on thursday, including exon. i think that will be just fine, by the way. i want to h
should get behind the stock. the other utilities have really run. wow, here is a controversial one. gm stock has been climbing, not today, but i think it's in part because of the chinese cold war with japan. the chinese are staying away from japanese cars, especially toyota, i want to know if they are buying gm cars, could get the stock moving. in china. this is really -- this is maybe the most right now. obama/romney stock away from the business and obama's people, made it clear they won't sell the remaining stake in gm. tim massen said the same thing, the disposal agent. romney's camp indicated they will take gm immediately. they will sell that stock, so that's a pretty binary situation. you will get results from ralph lauren. will they be the next company that we thought was doing well and europe slowed? the stock went down 13 points, but that won't be enough. anything negative at all on the call, ralph lauren trades hard, up and down on very little volume. please be careful. there are huge numbers reporting, companies reporting on thursday, including exxon. i think that will be jus
" stay with us. >>> campaigning takes a break. but romney's whoppers just won't quit. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build screams in china. >> chairman of the ohio democrats, chris redfern and senator nina turner are here to tell us why the buckeye state isn't buying it. >>> and coming up, richard wolffe is here with the latest on how hurricane sandy will affect the election with six days out, america looks at which candidate they want in an emergency. >> cooperation has been great with fema on the ground and the cooperation from the president of the united states has been outstanding. he deserves great credit. he deserves great credit. >>> welcome back to "the ed show." throughout this entire campaign mitt romney seems to have really struggled with the truth, don't you think? but his new jeep to china ad campaign could be the biggest lie to date. romney is running a completely false commercial in ohio. it claims because of the auto loan, chrysler is planning to move jeep production to china. the claim is a flat out lie. af
. that drew another company into the fact check, gm, which had been saved of course by the auto bailout. a gm spokesman telling the press, "we've clearly entered some parallel universe." also from gm, "at this stage we're looking at hubble telescope-like distances between campaign ads and reality." but here's the thing. it is one thing to lie about your record or even your opponent's record. but what mr. romney has done here is to lie about a third party. in that third party's back yard. and you can tell that mr. romney's ohio lie about jeep is not going to work in ohio in part because ohio voters follow the car industry like it's the local football team. the romney campaign's running these ads in youngstown, for example. take a look at the "youngstown vindicator." the kind of reporting they were doing back in july on a local plant. "i think part of this relates to our focus on quality and make sure parts are right so we don't pass problems further up the line," said somebody's cousin. here's the youngstown paper in august on a plant expanding. "good news would be welcomed at the plant where
about the other day. >> some gm numbers are expected in about an hour. gm is expected to earn 60 cents a share on revenue of $35.7 billion. gm, don't they have loss -- i mean, if they can't make money at this point, they ought to be able to because i don't think they have to pay taxes again. that's another way we sort of don't get our money out of gm. now we'll be watching facebook. about 230 million shares held by ples became employees became eligible for sale on sunday. >>> equity trading will try to get back to normal today after superstorm sandy forced the new york stock exchange and the nasdaq to wait out the storm and stay close from the last two days. if investors areomin back today, they may be wondering whether there's going to be extra volatility. ira harris joins us right now from the cme group in chicago. what's the sense you get? i've actually been surprised by how orderly all of this has been to date. >> it has been orderly, but i think that's because we've been taking our reads off of the european markets, which have held up pretty well. better than well. and where we ar
for gm. we used to say as gm goes, so goes janesville. we lost our plant. a lot of my friends from high school thought they could make a living for their families, they lost that. that livelihood is gone. i have a buddy that went from $25 an hour down to $9 an hour without benefits. we have got to help these people who are stuck in between, who are in the middle of their earning years when they are supposed to be building for their family, saving for their family, putting themselves on the path of pursuing their version of happiness, making the american dream realized for themselves and their kids. we have 46 job-training programs coming out of washington, spread across seven agencies. it is nothing but bureaucracy. the bureaucrats of the way, give people the ability to take this and get people the skills they need so they can get the jobs they want in the 21st century and have themselves back on the path to prosperity. [applause] it is so essential. open up energy, get people the skills they need, and it just like a case of common sense, we have to stop spending money we do not have. w
important state. there is an ad that says that obama's chrysler deal undermines u.s. workers. gm's ceo came out and said that the latest romney ad is politics at its worst this, is going to play out before voters in ohio. your thoughts on this? >> i was in ohio yesterday. ways in hamilton county, cincinnati then over in lebanon, and then, over in delaware county. goit a good taste of southwestern ohio. last time, obama carried ohio. it is rob portman's base. they're very, very proud of them. republicans told me they believe they're going to carry hamilton county maybe by 23,000 votes. that would be a swing of 50,000 votes by itself that would guarantee carrying ohio. people in lebanon and warren county very republican. tremendously enthusiastic. they're going to vote bigger than they voted last time for mccain. in delaware county it was a very rural area we were in. i couldn't find any obama voters. obama is going to be competitive. he's going to have cleveland and areas around dayton. i think ohio probably going to end up electing josh landel to the senate. all energy development, natural
that says that obama's chrysler deal undermines u.s. workers. gm's ceo came out and said that the latest romney ad is politics at its worst this, is going to play out before voters in ohio. your thoughts on this? >> i was in ohio yesterday. ways in hamilton county, cincinnati then over in lebanon, and then, over in delaware county. goit a good taste of southwestern ohio. last time, obama carried ohio. it is rob portman's base. they're very, very proud of them. republicans told me they believe they're going to carry hamilton county maybe by 23,000 votes. that would be a swing of 50,000 votes by itself that would guarantee carrying ohio. people in lebanon and warren county very republican. tremendously enthusiastic. they're going to vote bigger than they voted last time for mccain. in delaware county it was a very rural area we were in. i couldn't find any obama voters. obama is going to be competitive. he's going to have cleveland and areas around dayton. i think ohio probably going to end up electing josh landel to the senate. all energy development, natural gas, oil coming out in canton
president obama talk about today are gm's reaction to mitt romney and this ad that his campaign has been running. >> that's critical. >> it is critical. and local tv and local newspapers in this state, especially in the northern parts where president obama needs to do really well have been pounding mitt romney for that essentially false ad that has been debunked widely and now that chrysler and gm and their executives have come out against mitt romney, that's been a really big problem for mitt romney. >> and they're adding jobs, they're even adding jobs at the honda plant. in the end, will you both be watching the cleveland area, cuyahoga county on the list? >> and the columbus area where we are right now, which is one of the swing counties here. a very, very important. but the bottom line is turnout. if the obama/sherrod brown organization can bring out the vote, they can win this state. but, you know, a lot fewer people voted here in 2010 and the republicans ran the table in ohio. so unless some of those 2008 voters come out again, the ones who stayed home in 2010, obama could have som
jobs to china. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> reporter: chrysler and gm angrily denied they are shifting u.s. production to china. and joe biden accused romney of lying and causing panic among autoworkers in ohio. >> thousands of them are calling their uaw reps, "is it true, is it true? is jeep really going to leave? is the announcement they made not true? are they going to shut down our plant?" what a cynical, cynical thing to do. >> reporter: but the romney campaign does see some positive signs out there, especially in pennsylvania, minnesota and michigan. three states that have been considered solidly democratic, but where the obama campaign is now suddenly playing defense, spending more than $1 million on tv ads for the final week. diane? >> also on the campaign trail, jonathan karl. thank you, jon. >>> and coming up here next, flammable gas leaking and it's not just a danger in the storm zone. look. our experiment tonight on this invisible threat. hi, i just switched jobs, and i want to
gm. >> but if they didn't there be $25 billion in the whole. john: they're not paid back. >> again they took that money from taxpayers said the economy is worse. of industry may be ohio or detroit to save jobs but what about tennessee, indiana where other car manufacturers are worse off? john: honda or toyota in america? it is not like the auto industry was. >> not at all. >> it is not clear gm or chrysler would not be saved. airlines go through bankruptcy as a fly there is a high probability they would still exist to be scaled down. >> we lose manufacturing jobs. >> politicians love that like a fetish making phoenix to drop by your foot to is more a valuable than services. the mayor can economy is service based. they are devoted to make things you cannot necessarily say. john: that is not real. but a dollar earned and services is not less by a bold and manufacturing. it is not true. manufacturing is doing well. it has increased but the politicians don't get it. >> they don't say it. it is big in the swing states. politically. how bad economics the government got you to replace my
Search Results 0 to 49 of about 106 (some duplicates have been removed)